The Australian economy is now in recovery mode with almost all economic data showing a faster rebound than expected in the wake of the coronavirus crisis.
According to the latest Australian Bureau of Statistics data, the number of people employed in Australia grew by 178,800 in October despite economists predicting a 27,500 drop. Retailers are expecting a big Christmas with retail trade up 7.3% compared to October last year, even with continued declines in Victoria.
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